Summer always seems to fly by. As fall approaches, families will start heading out to local stores and shopping centers for inevitable back-to-school purchases. This year, however, will be different. From August 7 through August 9, the state of Ohio will be instituting a sales tax holiday on back-to-school items to help families shoulder the costs of preparing for the fall.
Next weekend, clothing priced at $75 per item or less, school supplies priced at $20 per item or less, and school instructional materials priced at $20 per item or less will all be exempt from state sales and use tax. As a father of three, I know from experience that back-to-school purchases can be expensive. In 2012, the National Retail Federation estimated that the average amount families spent on back-to-school items was $688.82. This sales tax holiday will relieve some of the financial burden for families – especially families who are tight on cash.